• Gap names heads of namesake brand, Banana Republic

    Updated: 3 hr ago

    NEW YORK (AP) — Gap Inc. cut its full-year profit outlook Thursday after reporting a sales shortfall in the fiscal third quarter and announced management changes at its Gap and Banana Republic brands. As part of the executive overhaul, Jeff Kirwan, 48, will become global president for the Gap brand in December following a brief transition period. Kirwan, who was head of Gap's China business, succeeds Stephen Sunnucks, who will leave the company on Dec. 19 after steering the growth of its namesake brand for nearly 50 countries for the past decade. Meanwhile, Andi Owen, 49, who heads Gap Outlet's division, will become global president for Banana Republic effective Jan. 5. She succeeds Jack Calhoun, who will leave the company

  • Family gets $6.75 million in Botox treatment case

    Updated: 3 hr ago

    MONTPELIER, Vt. (AP) — A New York couple who said Botox treatment of their son's cerebral palsy left him with life-threatening complications and sued its manufacturer won a $6.75 million verdict from a federal jury on Thursday. The verdict, in U.S. District Court in Burlington, came three days after the announcement that Parsippany, New Jersey-based drugmaker Actavis would acquire Botox maker Allergan for $66 billion, one of the biggest acquisitions announced this year. A lawyer for Mineville, New York, residents Lori and Kevin Drake said Joshua Drake, now 7, suffered calf spasms due to mild cerebral palsy until he got Botox injections to treat them at a Burlington hospital in 2012.

  • Future dim for Taj Mahal, former Revel casinos

    Updated: 3 hr ago

    ATLANTIC CITY, N.J. (AP) — The prospects for Atlantic City's crumbling casino market are worsening. All sides scrambled to regroup from the collapse Wednesday night of a deal to sell the former Revel Casino Hotel to a Canadian firm, leaving its future uncertain. A Delaware bankruptcy judge scheduled a hearing on whether the parent company of the struggling Trump Taj Mahal Casino Resort should be liquidated. Trump Entertainment Resorts has said it will close the casino Dec. 12. The liquidation hearing is set for Dec. 4. And looming early next year is a widely expected bankruptcy filing by a division of Caesars Entertainment, the company that owns three of Atlantic City's eight remaining casinos.

  • Delta orders 50 Airbus jets, bypassing Boeing

    Updated: 4 hr ago

    ATLANTA (AP) — Delta Air Lines Inc. said Thursday it would acquire 50 new planes from Europe's Airbus to replace older Boeing Co. jets. Both aircraft makers wooed Delta for the order, which carries a sticker price of $14.3 billion, although airlines routinely get sharp discounts. Airlines have been on a buying spree, replacing older, less fuel-efficient planes. Delta said that it ordered 25 Airbus A350-900 jets to start arriving in 2017 and 25 Airbus A330-900neo jets for delivery beginning in 2019. The two-aisle planes will replace older Boeing 747 and 767 jets. Boeing did win an order for 10 wide-body 777-300ER jets from Kuwait Airways, however. Those will be delivered starting in late 2016. The list price was $3.3 b

  • Cramer appointed to Energy and Commerce Committee

    Updated: 4 hr ago

    BISMARCK, N.D. (AP) — U.S. Rep. Kevin Cramer has been appointed to the U.S. House Committee on Energy and Commerce for the upcoming 114th Congress. The committee has a broad jurisdiction. It is responsible for the nation's telecommunications, consumer protection, food and drug safety, public health research, environmental quality, energy policy, and interstate and foreign commerce. Cramer says "the biggest issues" affecting North Dakota and the country "will be deliberated" on this committee. Cramer is a former energy and telecommunications regulator. He served on the North Dakota Public Service Commission before he became a congressman.

  • GM shakes up management, names new quality chief

    Updated: 4 hr ago

    DETROIT (AP) — General Motors has promoted its purchasing chief to be its head of quality as part of a management shakeup. The move comes after all GM brands but Buick performed worse than average in this year's Consumer Reports auto reliability survey. Quality and customer experience head Alicia Boler-Davis will remain a senior vice president, but will no longer lead quality.  She's now in charge of a department that handles GM's interactions with its customers. Purchasing head Grace Lieblein takes over as vice president of global quality. Both executives report to CEO Mary Barra. Cadillac, GMC and Chevrolet all scored below average in the Consumer Reports survey revealed last month. GMC fell 10 places l

  • Senator: Obama climate plan unfair to Pennsylvania

    Updated: 4 hr ago

    WASHINGTON (AP) — Pennsylvania's Democratic senator is criticizing President Barack Obama's proposed climate change rules, urging revisions to a plan that he says imposes unfair costs and burdens on the state. In a 22-page letter sent Thursday to the Environmental Protection Agency, Sen. Bob Casey makes clear he supports broad goals of combating global warming and agrees an EPA plan is necessary. But Casey said the carbon emissions target for the state is unreasonably high and could lead to higher electricity prices. "Our Commonwealth powers the electricity needs of states across the mid-Atlantic. We should be treated sensibly and fairly," said Casey, the state's senior senator.

  • Most US unemployed don't get benefits: Here's why

    Updated: 4 hr ago

    WASHINGTON (AP) — Even though the U.S. job market is gaining strength, there are still a lot of unemployed Americans. Yet only a fraction of them are receiving financial aid from the government. Fewer than 25 percent of those out of work are signed up for weekly unemployment benefits, a near-record low since the government began tracking this data in 1987. That's a sharp turnaround from just after the recession, when as many as three-quarters of those out of work received help, a record high. The drop counters a common assumption that most of those out of work receive unemployment benefits. It is partly a sign of an improving job market: Layoffs have plummeted and Americans seem more confident in their prospects for finding

  • Dow, S&P 500 edge back up to record highs

    Updated: 4 hr ago

    U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor's 500 index back into record territory. It was the second record-high close for the Dow this week and the third for the S&P 500. The modest gains erased losses from the day before, pushing the three major stock indexes further ahead for the week. Good news on housing, the job market and another dash of strong corporate earnings helped drive stocks higher, reversing a decline earlier in the day. Energy stocks led the gainers in the S&P 500 as oil prices rose. Discouraging economic data out of Europe and China stoked worries of a global economic slowdown and sent stocks lower in early trading. But investors shrugged off those conc

  • FDA approves new, hard-to-abuse hydrocodone pill

    Updated: 4 hr ago

    WASHINGTON (AP) — Federal health regulators on Thursday approved the first hard-to-abuse version of the painkiller hydrocodone, offering an alternative to a similar medication that has been widely criticized for lacking such safeguards. The Food and Drug Administration approved Purdue Pharma's Hysingla ER for patients with severe, round-the-clock pain that cannot be managed with other treatments. The once-a-day tablet is designed to thwart abuse via chewing, crushing, snorting or injecting. The FDA said the medication is difficult to crush, break or dissolve. Purdue Pharma's new drug poses a direct commercial challenge to Zogenix's much-debated drug Zohydro, a twice-a-day hydrocodone tablet approved by the FDA last year.

  • Ex-coal exec pleads not guilty in W.Va. mine blast

    Updated: 4 hr ago

    BECKLEY, W.Va. (AP) — Ex-coal company chief executive Don Blankenship pleaded not guilty Thursday to conspiracy and other charges in the deadliest U.S. mine accident in four decades. It was the first appearance in federal court for the former Massey Energy CEO since he was indicted last week. He is accused of ignoring safety and health regulations to make more money at the Upper Big Branch mine and lying to investigators about his company's safety practices. In April 2010, an explosion at the mine in Montcoal killed 29 men, and the indictment said Blankenship could have prevented most of the violations the mine was committing. Blankenship, 64, could face up to 31 years in prison if convicted.

  • Deal divides billions in closed nuke plant's costs

    Updated: 5 hr ago

    LOS ANGELES (AP) — Consumers will pay about $3.3 billion and shareholders will pay about $1.4 billion under a settlement approved Thursday on costs stemming from the premature closure of the San Onofre nuclear power plant. The vote by the California Public Utilities Commission was 5-0. At issue has been who should take the financial hit for the early demise of the plant located between Los Angeles and San Diego — company shareholders or customers. The settlement of who should pay the $4.7 billion cost of the closure stems from negotiations among operator Southern California Edison, minority owner San Diego Gas & Electric Co. and consumer advocates. Critics argued that the deal shortchanged ratepayers. Consumer

  • Yum approves $1B stock buyback plan

    Updated: 5 hr ago

    NEW YORK (AP) — Yum Brands, which owns KFC, Pizza Hut and Taco Bell, said Thursday that its board approved a $1 billion stock buyback plan. The buyback program runs through May 2016. Yum also said it has bought 9.4 million shares, worth $691 million, this year. Buying back stock can help a company boost its earnings per share. Yum shares edged up 24 cents in aftermarket trading, after closing up $1.54, or 2.1 percent, at $75.71. Yum Brands Inc. last month cut its profit forecast for the year, citing the latest food scare in China that pummeled sales at KFC, its flagship chain in the country. Yum gets 35 percent of its operating profit from China. In the U.S., performance has been mixed for Yum's three chai

  • Former Brown dean whose group won Nobel Prize dies

    Updated: 5 hr ago

    PROVIDENCE, R.I. (AP) — A doctor who co-founded a group that won the 1985 Nobel Peace Prize for working to prevent nuclear war and who helped transform the medical school at Brown University has died. David Greer was 89. Greer helped found the Nobel-winning International Physicians for the Prevention of Nuclear War. His daughter, Linda, says he had heart disease and died Tuesday. Colleagues from Brown said Greer was a "visionary" who taught students about the importance of social responsibility. He was Brown's dean of medicine from 1981 to 1992. Linda Greer says he moved to Fall River, Massachusetts, nearly 60 years ago to practice medicine in a community that didn't have enough physicians.

  • Tips on getting deals during Black Friday blitz

    Updated: 5 hr ago

    NEW YORK (AP) — Brace yourself for the Black Friday shopping bonanza. Sure, stores have been pushing discounts on holiday merchandise since Halloween, but experts say Thanksgiving weekend still lives up to the hype of serving up the largest breadth of the season's bargains from TVs to clothing. Shoppers, however, need to do their homework before joining the crowds at the mall or heading online for the official kickoff that's increasingly happening the day of the turkey feast. "You have to do research in advance and know what the best prices are at the stores and what time," said Brad Wilson, editor-in-chief of BradsDeals.com, a deal website that tracks holiday discounts.

  • Best Buy and Activision are big market movers

    Updated: 5 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Best Buy Co., up $2.48 to $38.02 The electronics retailer reported better-than-expected third-quarter results, partly on higher revenue and cost cuts. Salesforce.com Inc., down $2.72 to $58.30 The customer-management software developer reported better-than-expected quarterly results, but its outlook fell short. Williams-Sonoma Inc., up $5.80 to $75.22 The seller of cookware and home furnishings reported better-than-expected third-quarter results and positive guidance. Nasdaq Activision Blizzard Inc., up $1.54 to $21.

  • A look at the numbers in Obama's immigration plan

    Updated: 5 hr ago

    WASHINGTON (AP) — President Barack Obama's administrative actions will cover as many as 5 million immigrants living in the country illegally. Rough estimates of those affected: ___ 4.1 million: Parents of U.S. citizens and legal permanent residents who have lived in the United States for at least 5 years Homeland Security Secretary Jeh Johnson told immigration enforcement employees Thursday that the government estimates that there are roughly 4.1 million people in this category, and they will qualify for protection from deportation. Not all of those people are expected to sign up, and some may already be participating in previously announced protection programs. ___ 290,000: Immigrants who came to the U.S.

  • Dow, S&P 500 edge back up to record highs

    Updated: 5 hr ago

    U.S. stocks are back at record levels as investors were encouraged by good news on housing, the job market and corporate earnings. Best Buy jumped 7 percent Thursday after its quarterly results came in far ahead of what analysts were expecting. That bodes well for the holiday shopping season in the U.S. Homebuilder stocks rose after sales of U.S. homes increased last month. Beazer Homes rose 2 percent. The Standard & Poor's 500 index rose four points, or 0.2 percent, to 2,052. The Dow Jones industrial average gained 33 points, or 0.2 percent, to 17,719. The Nasdaq composite added 26 points, or 0.6 percent, to 4,701. Oil rose $1 to $75.58 a barrel in New York. Bond price rose. The yield on the 10-year T

  • No ruling yet on prosecution in porn email scandal

    Updated: 5 hr ago

    HARRISBURG, Pa. (AP) — Pennsylvania Attorney General Kathleen Kane has not decided whether to prosecute anyone in a scandal over the email exchange of pornography by state government employees, a spokeswoman said Thursday, pulling back an earlier statement about whether anyone could be charged over child pornography. "When I said that the Pennsylvania attorney general has decided not to prosecute regarding the emails as pornography, including depictions of children contained in some emails, I misspoke," spokeswoman Renee Martin said. A day earlier, Martin had said there was no child pornography in the hundreds of emails and, had there been, someone already would have been charged.

  • Congress can't 'de-fund' Obama on immigration

    Updated: 5 hr ago

    WASHINGTON (AP) — A senior House Republican said Thursday that it's impossible to "defund" President Barack Obama's upcoming moves on immigration in an upcoming spending bill. Appropriations Committee Chairman Harold Rogers, R-Ky., said the Citizenship and Immigration Services agency gets its money through application fees, so Congress can't stop it by withholding funding in a spending bill. A temporary government funding bill expires next month, and some conservative Republicans want to use a must-pass spending bill to block Obama on immigration.